Uncertainty Continues
1. The underlying factor of the economy is not going to improve anytime soon. US consumers are not spending, instead they are saving at 6% of earning to offset the break-back debt, or to prepare for more rainy days. 2. A case in point , Japanese products for the affluent are free falling, shrinking by double digits as recent as last reporting month. 3. As US stores start to refill depleted shelves of daily essentials, a small revival is seem in the Chinese manufacturing centres, but the overall activity is dismal. Chinese unemployment is not improving, although the country hinterland can for now absorb a larger number of work-less peasants.4. Yet there is the mirage of unyielding prosperity in China, fuelled by, as one central government economist admitted this week, an outflow of tax payer fund/stimuli money via the state owned banks in terms of easy credits. And the same economist concurred that 20% of the credits went to stock market and 30% to the property market. 5. Who's rec